The American Land Title Association recently ran an article regarding RynohLive’s new whitepaper titled “Six Steps to Total Escrow Security.” Rynoh’s whitepaper provides in-depth, step-by-step guidance on how to keep your escrow accounts safe.
One major concern is cybercrime, which, in this age of technology, is abundant. Cyber theft may sound scary, but the good news is that by following the best practices laid out in the whitepaper, and using today’s technology to your advantage, companies can keep their accounts secure.
The six steps discussed in the whitepaper include:
• Daily three-way reconciliation
• Electronic verification of reconciliation
• Using Positive Pay™
• Daily tracking of disbursements
• Establishing strong cyber fraud protection
• Creation of automated reports
Want to find out more about how to keep your escrow accounts safe? Click here and download Rynoh’s whitepaper.